Applying a new accounting policy to transactions,other events or conditions as if that policy had always been applied is known as:
A)consequent application
B)retrospective application
C)prospective application
D)subsequent application

Name: Applying a new accounting policy to transactions,other events or conditions as if that policy had always been applied is known as: A)consequent application B)retrospective application C)prospective application D)subsequent application
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Question

Quizplus · Accepted Answer

The Answer is B

Applying a New Accounting Policy to Transactions,other Events or Conditions